... HONG KONG Nov. 5 /- Mass Financial Corp. ( MASS ) Ho...Michael Smith President of MASS said the lawsuit involves ourproprie...Elekta has stated that its MEG device has never generated a profit and...Michael Smith continued this lawsuit is of utmost importance to alls...

HONG KONG, Nov. 5 /PRNewswire/ -- Mass Financial Corp. ("MASS") Hong
Kong announced today that it has filed a lawsuit in the Supreme Court of
British Columbia, Canada against Elekta AB, ("Elekta") Stockholm, Sweden
and other for breach of contract and contract interference. In the lawsuit
we seek injunctive relief and substantial damages.

Michael Smith, President of MASS said the lawsuit involves our
proprietary magneto-encephalography "MEG" technologies, (a medical imaging
device used for neurological research and diagnostics). "What is very
shocking is that Elekta has complained about Chinese companies that have
copied Elekta's technology and used it without authority in China and in
the international markets," said Mr. Smith. "Why are they now doing the
same with our subsidiary? We understand their MEG technology is inferior to
our VSM/C.T.F. System technology and wish to put on notice that any
hospitals or persons who have or will in the future conspire with Elekta to
the detriment of MASS will be included in the lawsuit."

Elekta has stated that its MEG device has never generated a profit and
that Elekta would like to liquidate the division but fears that such an
admission of failure would negatively affect their stock market price.

Michael Smith continued, this lawsuit is of utmost importance to all
small, growing companies in any industry. It is really about a big company
trying to intimidate a small company, while using very oppressive tactics.
I want to ensure our people as well as Elekta, we will exercise all legal
means at our disposal to block and expose this uncompetitive conduct. MASS
will continuously report to the public Elekta's ongoing behaviour.

Michael Smith continued, with our lawsuit it should be noted we have
tried to communicate with Elekta. Such a lawsuit is only necessary against
companies when their management refuse to engage in a professional dialogue
and when there is no corporate governance practiced by its Board of
Directors.

About MASS

MASS has an office in Hong Kong and with its affiliated companies is
engaged in global investments, merchant banking, trading activities and
medical supply and service.

About Elekta

Elekta is a medical-technology Group, providing clinical solutions,
comprehensive information systems and services for improved cancer care and
the management of brain disorders.

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